Indian markets faced major decline in many weeks as stocks tumbled and US dollar jumped against INR. Markets would look towards global cues as tension between Iran and United States escalated.

Indian markets closed the week strong on expectations of a deal between China and the United States over tariffs.

Indian stock markets have witnessed few days of trading near their all-time highs.

RBI has not changed repo-rate in its bi-monthly policy review. Markets were expecting 25 basis points rate cut but now the expectations have been delayed by two months.

RBI has maintained the same repo-rate in its latest policy meeting. The street was expecting 25 - 50 basis points cut in repo-rate.

Indian markets are hovering around their all-time highs but due to absence of major trigger, the markets are trading sideways. During the past few days, we have witnessed stock specific action.